Steel Products Prices North America
Lake Superior Convoy Arrives in Minnesota
Written by Sandy Williams
April 15, 2014
The convoy of freighters headed to Minnesota under US and Canadian Coast Guard escort arrived safely on Monday morning. The ships dispersed to begin loading iron ore pellets and to queue up for the return convoy east across the Great Lakes to the mills.
USCG Mackinaw is expected to depart Duluth this afternoon to escort the American Spirit, Walter J. McCarthy, Jr., CSL Tadoussac, St. Clair, and Presque Isle back across Lake Superior, according to the shipping schedule at www.duluthboats.com.
Steel Market Update will continue to track iron ore vessels and report on the ice conditions which have affected shipments to Essar Steel Algoma as well as US Steel Gary Works and other fully integrated steel mills located on the banks of the Great Lakes.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.
HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.
SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.
Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.
Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.